Hiscox (OTCMKTS:HCXLF) Upgraded to “Buy” by Investec

Hiscox (OTCMKTS:HCXLFGet Rating) was upgraded by stock analysts at Investec from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reissued a “hold” rating and issued a $1,000.00 price objective on shares of Hiscox in a report on Friday, April 1st. HSBC lowered Hiscox from a “buy” rating to a “hold” rating in a report on Monday, January 17th. Barclays lifted their price objective on Hiscox from GBX 1,027 ($13.36) to GBX 1,067 ($13.88) in a report on Wednesday, April 20th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a GBX 1,159 ($15.08) target price (down previously from GBX 1,177 ($15.31)) on shares of Hiscox in a report on Tuesday, April 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $809.51.

Shares of HCXLF opened at $12.70 on Monday. The business has a 50-day moving average of $12.50 and a 200 day moving average of $11.79. Hiscox has a fifty-two week low of $10.80 and a fifty-two week high of $13.23.

Hiscox Company Profile (Get Rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.

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Analyst Recommendations for Hiscox (OTCMKTS:HCXLF)

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